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Poonawalla Fincorp Personal Loan 2026
Interest rate, eligibility, documents & fees
- Interest Rate
- 9.99%–29%
- Loan Amount
- Up to ₹30 lakh
- Tenure
- 12–60 mo
Poonawalla Fincorp Personal Loan — Key Details
Last reviewed August 2026
- Interest rate
- 9.99% – 29% p.a.
- Loan amount
- ₹1 lakh – ₹30 lakh
- Tenure
- 12 – 60 months
- Processing fee
- 0–2% (NIL for select customers)
- Minimum CIBIL score
- 680+
- Minimum monthly income
- ₹20,000
- Age
- 22 – 58 years
- Employment type
- Salaried, Self-Employed
Poonawalla Fincorp Personal Loan EMI
Monthly EMI at the starting rate of 9.99% p.a. Your rate may be higher.
| Loan amount | 12 months | 24 months | 36 months | 60 months |
|---|---|---|---|---|
| ₹1,00,000 | ₹8,791 | ₹4,614 | ₹3,226 | ₹2,124 |
| ₹3,00,000 | ₹26,373 | ₹13,842 | ₹9,679 | ₹6,373 |
| ₹5,00,000 | ₹43,956 | ₹23,070 | ₹16,131 | ₹10,621 |
| ₹10,00,000 | ₹87,911 | ₹46,140 | ₹32,262 | ₹21,242 |
Poonawalla Fincorp Personal Loan Eligibility
- Age: 22–58 years
- Minimum monthly salary: ₹20,000
- CIBIL score ≥ 680
- Minimum 1 year of work experience
- Active bank account with 6+ months history
Documents Required for Poonawalla Fincorp Personal Loan
Salaried
- PAN Card
- Aadhaar Card
- Last 3 months salary slips
- Last 3 months bank statements
- Current employment proof
Self-Employed
- PAN Card
- Aadhaar Card
- Last 2 years ITR
- Last 6 months bank statements
- Business existence proof (GST / trade licence)
Pros & Cons
Advantages
- Low starting rate of 9.99% p.a. for strong profiles
- NIL processing fee for pre-approved / quality profiles
- 100% paperless digital process
- Accepts self-employed applicants
- Disbursement in 24–48 hours
Watch out for
- Upper rate can reach 29% for riskier profiles
- Smaller branch network vs major banks
- Lesser brand recognition than big banks
- Maximum amount lower than ICICI/HDFC
How to Apply for a Poonawalla Fincorp Personal Loan
Poonawalla Fincorp's own application process
- 1Visit Poonawalla Fincorp website or download the app
- 2Enter your mobile number and complete OTP verification
- 3Fill in income, employment, and existing obligation details
- 4Upload KYC documents (PAN, Aadhaar, salary slips) digitally
- 5Receive credit decision within 24 hours
- 6Disbursement to your registered bank account within 48 hours
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Compare OffersPoonawalla Fincorp Personal Loan — FAQs
What is the Poonawalla Fincorp personal loan interest rate?
Poonawalla Fincorp personal loan interest rates range from 9.99% to 29% p.a. (last reviewed August 2026). The rate you get depends on your credit score, income, employer and loan amount.
What is the minimum salary for a Poonawalla Fincorp personal loan?
Poonawalla Fincorp requires a minimum monthly income of about ₹20,000. It lends to: Salaried, Self-Employed.
What is the processing fee for a Poonawalla Fincorp personal loan?
Poonawalla Fincorp charges a processing fee of 0–2% (NIL for select customers), plus 18% GST. It is usually deducted from the loan amount at disbursal.
What CIBIL score is needed for a Poonawalla Fincorp personal loan?
Poonawalla Fincorp generally looks for a CIBIL score of 680 or more. A score of 750+ improves your chances of getting a lower rate.
How long does Poonawalla Fincorp take to disburse a personal loan?
As per Poonawalla Fincorp's stated process: Disbursement to your registered bank account within 48 hours. Existing customers with pre-approved offers are usually faster.
Is Poonawalla Fincorp regulated by the RBI?
Poonawalla Fincorp is a Non-Banking Financial Company (NBFC) that lends through RBI-regulated entities and must follow RBI's fair practices and digital lending guidelines.
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Figures last reviewed August 2026 and shown for information only. Interest rates, fees and eligibility are set by each lender and depend on your credit profile — confirm the final terms in the lender's Key Fact Statement before you sign. RateCut is a loan marketplace, not a lender.